Stock Information Portal

Price and trend forecast of ASHIMASYN for Tomorrow, Weekly, Monthly

Ashima Limited

Symbol: NSE:ASHIMASYN

ISIN: INE440A01010

42.83

As on 2024-07-23

12.50 (52W Low) 51.60 (52W High)

ASHIMASYN's Today's Performance

Ashima Limited started the day by opening at 44.50 today 2024-07-23. Its shares reached a high of 44.79 and dipped to a low of 41.42 in intraday. When the markets closed, ASHIMASYN’s stock price settled at ₹42.83 per share. Also check out its key support and resistance levels.

ASHIMASYN Buy/Sell Targets

Tomorrow, sell ASHIMASYN when its price reaches ₹ 42.83 with a stop-loss order at ₹ 44.23. You can set the target price as ₹ 41.43 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of ASHIMASYN for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for ASHIMASYN

Downside Targets Value in ₹
Tomorrow Down Target 1 45
Tomorrow Down Target 2 46
Tomorrow Down Target 3 48

Important Levels for ASHIMASYN

Holding Levels Value in ₹
Tomorrow Up Target 1 41
Tomorrow Up Target 2 40
Tomorrow Up Target 3 38
Based on where the stock opens tomorrow, if ASHIMASYN opens on a positive note, our first target will be ₹45. If Target 1 is achieved, we will aim for Target 2 which is ₹46.

But if ASHIMASYN falls below the average value of ₹43.01, you can enter a sell side position with target number 1 - ₹41 and second target - ₹40 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of ASHIMASYN

Looking at ASHIMASYN, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, ASHIMASYN has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for ASHIMASYN is strong bearish.

Tomorrow's Volume based share price Forecast for ASHIMASYN

ASHIMASYN's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 60%.

Reversal detection for ASHIMASYN

Predicted trend chart of ASHIMASYN tomorrow for price forecast
ASHIMASYN may trend may continue to be bearish since stock is making lower low and we can get target of ₹44 in morning tomorrow
Target 1 tomorrow44
Target 2 tomorrow45
Target 3 tomorrow46
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with ASHIMASYN's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if ASHIMASYN opens on a positive note, our first target will be ₹44.61. If Target 1 is achieved, we will aim for Target 2 which is ₹46.38.

But if ASHIMASYN falls below the average value of ₹43.01, you can enter a sell side position with target number 1 - ₹41.24 and second target - ₹39.64

ASHIMASYN's Weekly Targets
1st Up Target 44.61
2nd Up Target 46.40
1st Down Target 41.23
2nd Down Target 39.64

As the week for ASHIMASYN ended on bearish sentiments, we can expect further continuation of this sentiment. ASHIMASYN's initial target will be 44.61 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 41.23 in the upcoming week.

Weekly OHLC Values
Open 43.16
High 44.80
Low 41.42
Close 42.83

Week for ASHIMASYN started with an open price of 43.16, and the close was at 42.83. ASHIMASYN reached the highest of 44.80 and dipped lowest up to 41.42 last week. This indicates a bearish sentiment for the week.

ASHIMASYN full month swing targets
Monthly Up Target 1 47.99
Monthly Up Target 2 49.78
Monthly Down Target 1 37.85
Monthly Down Target 2 32.88

Targets of ₹47.99 can be expected to be reached in the coming month. Once ASHIMASYN achieved this target, we can aim for the next upside target of ₹49.78.

ASHIMASYN if fails to hold upside, down targets of ₹37.85 and ₹32.88 can be achieved by end of this month.

For complete three weeks if ASHIMASYN is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as ASHIMASYN

Symbol Name Industry
MARUTI Maruti Suzuki India Limited Auto Manufacturers
TATAMTRDVR Tata Motors Limited Auto Manufacturers
TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

ASHIMASYN is expected to reach the target of 44.61 in tomorrow's trading session.

After achieving the initial target in ASHIMASYN, we will aim for higher targets of 46.38 tomorrow.

However, if ASHIMASYN starts to trade below ₹43.01, then we will shift our focus to the sell side and aim for down targets of 41.24 and 39.64.